M&A Deal Summary

Intuit Acquires Tax and Accounting Software

On April 17, 2001, Intuit, Inc. acquired Tax and Accounting Software Corp.

Acquisition Highlights
  • This is Intuit’s 6th transaction in the Software sector.
  • This is Intuit’s 12th transaction in the United States.
  • This is Intuit’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2001-04-17
Target Tax and Accounting Software Corp.
Sector Software
Buyer(s) Intuit, Inc.
Deal Type Add-on Acquisition

Target

Tax and Accounting Software Corp.

Tulsa, Oklahoma, United States
website
TAASC (www.taascforce.com) offers a fully integrated suite of software tools for accounting and tax professionals. The company, which was founded in 1980 and is privately held, has a strong track record of innovation and customer service.

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Buyer(S) 1

Buyer

Intuit, Inc.

Mountain View, California, United States

website


Category Company
Founded 1983
SectorSoftware
Employees7,700
Revenue 6.0B USD (2018)
DESCRIPTION
Intuit, Inc.
View of Intuit's campus in Mountain View, California.

Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.


DEAL STATS #
Overall 12 of 52
Sector (Software) 6 of 17
Type (Add-on Acquisition) 9 of 48
State (Oklahoma) 1 of 1
Country (United States) 12 of 47
Year (2001) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 Apps.com

Mountain View, California, United States

Online directory for small businesses (Acquired by Intuit)

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-05 Omware, Inc.

Sebastopol, California, United States

OMware, Inc., is a provider of business management software for construction companies.

Buy $42M